Freddie Mac · OTC:FMCC

Freddie Mac — Federal Home Loan Mortgage Corp (Fmcc, Fmccg, Fmcci, Fmccj, Fmccl, Fmccn, Fmcco, Fmccs, Fmcct, Fmcki, Fmckl, Fmckn, Frejn, Frejo) — Q3 2017 Earnings Presentation

13 slides from Freddie Mac's earnings presentation, Oct 31, 2017

  1. Slide 1: Third Quarter 2017 Financial Results Supplement

    Third Quarter 2017 Financial Results Supplement October 31, 2017 Exhibit 99.2

  2. Slide 2: Corporate Highlights

    © Freddie Mac 2 Corporate Highlights Key highlightsFinancial highlights $ Millions Note: Totals may not add due to rounding.  Comprehensive income of $4.7 billion, driven by a $2.9 billion (after-tax) benefit from a non-agency mortgage- related securities litigation settlement and continued strong

  3. Slide 3: Corporate Highlights, continued

    © Freddie Mac 3 $62 $53 $43 $140.5 $34 $26 $21 2015 2016 2017 Remaining PSPA Funding with DTA valuation allowance without DTA valuation allowance $71.3 $71.3 $91.0 $5.5 $5.0 $8.7 $110.1 2008 - 2014 2015 2016 YTD 2017 Cumulative Total Draw Requests from Treasury Dividend Payments to Treasury Corporat

  4. Slide 4: Key Economic Indicators

    © Freddie Mac 4 Key Economic Indicators National home prices increased by an average of 6.8% over the past year5 > 6.0%> 3.0 – 6.0%> 0.0 – 3.0%≤ 0.0% Quarterly ending interest rates Unemployment rate and job creation 3.42% 4.32% 4.14% 3.88% 3.83% 1.45% 2.32% 2.39% 2.27% 2.28% 9/30/16 12/31/16 3/31/1

  5. Slide 5: Total Portfolio Balances

    © Freddie Mac 5 $239 $230 $225 $222 $207 $55 $55 $53 $49 $48 $14 $14 $13 $12 $12 $104 $96 $92 $82 $82 $412 $394 $383 $366 $349 9/30/16 12/31/16 3/31/17 6/30/17 9/30/17 $291 Single-family Capital Markets Other Investments and Cash9 $284 Mortgage- related investments portfolio7,10,11 $298 $1,733 $1,75

  6. Slide 6: Single-family Financial Highlights and Key Metrics

    © Freddie Mac 6 Single-family Financial Highlights and Key Metrics $55 $46 $39 $45 $57 $61 $71 $47 $28 $30 $116 $117 $86 $73 $87 47 43 44 44 42 3Q16 4Q16 1Q17 2Q17 3Q17 Purchase UPB Refinance UPB $1,229 $1,275 $1,317 $1,343 $1,377 $504 $480 $462 $441 $423 $1,733 $1,755 $1,779 $1,784 $1,800 3Q16 4Q16

  7. Slide 7: Single-family Credit Risk Transfer – STACR / ACIS

    © Freddie Mac 7 $1.5 $1.5 $1.8 $2.2 $2.3 $18.3 $18.3 $19.4 $20.9 $20.3 $3.2 $3.3 $3.6 $4.2 $4.1 $1.4 $1.0 $1.1 $1.4 $1.1 9/30/16 12/31/16 3/31/17 6/30/17 9/30/17 Mezzanine loss positions: Retained by Freddie Mac First loss positions: Retained by Freddie Mac Mezzanine loss positions: Transferred to t

  8. Slide 8: Multifamily Financial Highlights and Key Metrics

    © Freddie Mac 8 Multifamily Financial Highlights and Key Metrics $59 $53 $49 $42 $39 $33 $25 $19 $13 $9 $75 $91 $120 $158 $184 $167 $169 $188 $213 $233 12/31/13 12/31/14 12/31/15 12/31/16 9/30/17 Guarantee Portfolio Mortgage-related Securities Unsecuritized Loans Total portfolio $ Billions 0.02 0.15

  9. Slide 9: Multifamily Key Metrics, continued

    © Freddie Mac 9 Multifamily Key Metrics, continued Multifamily securitization volume18 $ Billions $25.9 $30.0 $36.5 $21.1 $2.4 $17.3 $20.3 $24.7$25.9 $28.3 $47.3 $56.8 $45.8 2013 2014 2015 2016 YTD 2017³ Purchase Volume not Subject to Cap Purchase Volume Subject to Cap Cap = $25.9 New funding volume

  10. Slide 10: Capital Markets Financial Highlights and Key Metrics

    © Freddie Mac 10 Capital Markets Financial Highlights and Key Metrics $141.5 $137.5 $141.1 $137.0 $129.0 $14.9 $13.1 $7.7 $12.1 $13.3 $82.7 $79.2 $76.0 $73.3 $64.3 $239.1 $229.8 $224.9 $222.4 $206.6 3Q16 4Q16 1Q17 2Q17 3Q17 Liquid Securitization Pipeline Less Liquid Capital Markets mortgage investme

  11. Slide 11: Housing Market Support

    © Freddie Mac 11 Housing Market Support Number of families Freddie Mac helped to own or rent a home20 In Thousands Number of single-family loan workouts21 In Thousands 388 413 650 739 530 515 606 677 745 584 1,555 608 910 937 477 2,458 1,627 2,237 2,421 1,591 2013 2014 2015 2016 YTD 2017³ Multifamil

  12. Slide 12: Endnotes

    © Freddie Mac 12 Endnotes 1 For additional information regarding Freddie Mac’s non-GAAP financial measures and reconciliations to the comparable amounts under GAAP, see the company’s earnings release for the quarter ended September 30, 2017. 2 Excludes the initial $1 billion liquidation preference o

  13. Slide 13: Safe Harbor Statements

    © Freddie Mac 13 Safe Harbor Statements Freddie Mac obligations Freddie Mac’s securities are obligations of Freddie Mac only. The securities, including any interest or return of discount on the securities, are not guaranteed by and are not debts or obligations of the United States or any federal age

Federal Home Loan Mortgage Corp (Fmcc, Fmccg, Fmcci, Fmccj, Fmccl, Fmccn, Fmcco, Fmccs, Fmcct, Fmcki, Fmckl, Fmckn, Frejn, Frejo) — Q3 2017 Earnings Presentation on 6ix